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Oppenheimer Funds
OSVAX

Dividend Opportunity Fund

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Dividend Opportunity Fund

OSVAX

The Strategy typically invests in dividend-paying value stocks.

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This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, and is not for use to avoid penalties that may be imposed under U.S. federal tax laws. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Investing involves risks including possible loss of principal.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.525.7048. Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer Funds are distributed by OppenheimerFunds Distributor, Inc.
225 Liberty Street, New York NY 10281-1008

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Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
November 26, 2002
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
68382H107
NAV
  • B
(as of 02/15/2019)
$23.14
Total Assets
(as of 01/31/2019)
$252.10 MM
Gross Expense Ratio
(as of 01/31/2019)
1.14%
Net Expense Ratio
(as of 01/31/2019)
1.14%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
Domestic Equity
Dividend Opportunity Fund
CLASS A: OSVAX
Average Annual Returns as of 12/31/2018
Average Annual Returns as of 01/31/2019
as of 01/31/2019
  • C
as of 12/31/2018
  • C
Print
Quarter End
Month End
Quarter End
Month End
Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
As of Quarter end 12/31/2018
 -8.87% -8.87% 5.82% 4.51% 9.95% 7.15%
Russell 3000® Value Index
As of Quarter end 12/31/2018
 -8.58% -8.58% 7.01% 5.77% 11.12% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
As of Quarter end 12/31/2018
 -14.11% -14.11% 3.76% 3.28% 9.31% 6.76%
Russell 3000® Value Index
As of Quarter end 12/31/2018
 -8.58% -8.58% 7.01% 5.77% 11.12% -
Cumulative
Annualized
ytd as of 2019-01-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
As of month end 01/31/2019
 7.51% -5.29% 9.85% 7.06% 10.99% 7.59%
Russell 3000® Value Index
As of month end 01/31/2019
 8.00% -4.76% 11.79% 8.20% 13.39% -
Cumulative
Annualized
ytd as of 2019-01-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
As of month end 01/31/2019
 1.32% -10.74% 7.70% 5.80% 10.34% 7.20%
Russell 3000® Value Index
As of month end 01/31/2019
 8.00% -4.76% 11.79% 8.20% 13.39% -
Gross Expense Ratio: 1.14% | Net Expense Ratio: 1.14%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

Calendar Year Returns as of 01/31/2019
as of 01/31/2019
View Table Graph Print
Year Dividend Opportunity Fund Russell 3000® Value Index
2003 39.67% 31.14%
2004 16.50% 16.94%
2005 9.12% 6.85%
2006 20.46% 22.34%
2007 4.01% -1.01%
2008 -46.94% -36.25%
2009 41.22% 19.76%
2010 19.34% 16.23%
2011 -10.84% -0.10%
2012 11.68% 17.55%
2013 23.45% 32.69%
2014 4.95% 12.70%
2015 0.24% -4.13%
2016 13.67% 18.40%
2017 14.40% 13.19%
2018 -8.87% -8.58%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

Cumulative Returns & Income Dividends
View Table Graph Print
Time Period
YTD
1M
3M
1Y
3Y
5Y
10Y
15Y
INCEPTION
Date Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
1/31/2009 0.00 0.00 0.00 0.00
2/28/2009 -11.05 -13.40 -10.24 -10.65
3/31/2009 -2.40 -5.98 -3.47 -2.82
4/30/2009 8.86 4.49 7.36 6.48
5/31/2009 17.31 10.60 17.09 12.44
6/30/2009 18.56 9.83 16.56 12.66
7/31/2009 27.22 19.10 26.43 21.18
8/31/2009 35.04 25.29 31.65 25.56
9/30/2009 40.77 30.24 36.90 30.24
10/31/2009 36.81 25.88 34.46 27.82
11/30/2009 42.34 32.73 39.96 35.49
12/31/2009 44.31 35.67 42.47 38.10
1/31/2010 38.41 31.84 36.58 33.14
2/28/2010 42.73 36.16 38.51 37.26
3/31/2010 53.48 45.23 47.08 45.54
4/30/2010 56.00 49.52 47.10 47.84
5/31/2010 43.26 37.20 33.01 36.04
6/30/2010 34.09 29.12 28.45 28.92
7/31/2010 46.31 37.90 38.87 37.95
8/31/2010 36.94 31.65 33.68 31.72
9/30/2010 50.32 42.16 46.15 43.48
10/31/2010 57.90 46.52 51.60 48.93
11/30/2010 58.11 46.11 48.32 48.95
12/31/2010 72.23 57.68 59.23 58.91
1/31/2011 76.12 60.97 62.83 62.67
2/28/2011 81.07 67.08 68.53 68.25
3/31/2011 82.55 67.88 66.86 68.31
4/30/2011 88.34 72.21 73.95 73.30
5/31/2011 86.02 70.28 70.34 71.34
6/30/2011 80.44 66.73 67.65 68.48
7/31/2011 74.86 61.20 64.61 65.06
8/31/2011 58.32 50.80 53.01 56.09
9/30/2011 41.89 39.00 39.80 45.12
10/31/2011 58.01 55.23 54.26 60.98
11/30/2011 53.58 54.47 50.49 60.62
12/31/2011 53.56 57.52 50.41 62.26
1/31/2012 61.60 63.84 57.95 69.54
2/29/2012 66.77 70.04 65.67 76.87
3/31/2012 69.10 75.10 67.80 82.69
4/30/2012 64.87 73.25 65.89 81.54
5/31/2012 51.98 63.06 51.57 70.63
6/30/2012 57.26 71.14 59.30 77.66
7/31/2012 58.32 72.64 61.35 80.13
8/31/2012 62.65 76.51 65.44 84.18
9/30/2012 67.09 82.16 69.98 88.94
10/31/2012 66.56 81.16 68.83 85.46
11/30/2012 67.83 81.13 70.99 86.53
12/31/2012 71.50 85.17 74.21 88.23
1/31/2013 80.22 97.13 83.08 97.98
2/28/2013 79.79 99.91 83.39 100.67
3/31/2013 86.92 107.86 87.68 108.19
4/30/2013 89.26 110.75 93.59 112.21
5/31/2013 90.85 116.22 93.67 117.17
6/30/2013 87.77 114.39 88.89 114.25
7/31/2013 96.59 126.14 98.84 125.16
8/31/2013 89.26 117.45 94.61 118.63
9/30/2013 96.38 123.46 104.34 125.49
10/31/2013 104.04 133.04 112.34 135.86
11/30/2013 108.08 139.75 116.11 143.04
12/31/2013 111.72 145.69 120.68 149.20
1/31/2014 101.79 136.91 112.51 140.58
2/28/2014 108.26 147.20 123.15 151.59
3/31/2014 111.93 152.87 123.47 153.70
4/30/2014 115.19 154.56 125.76 155.58
5/31/2014 119.11 158.13 130.20 161.58
6/30/2014 124.32 165.23 134.32 166.98
7/31/2014 121.80 159.78 130.58 163.30
8/31/2014 126.84 169.46 135.66 173.83
9/30/2014 121.57 162.92 129.27 169.99
10/31/2014 123.00 169.76 130.75 176.58
11/30/2014 124.55 174.75 135.37 184.02
12/31/2014 122.19 176.89 131.58 183.31
1/31/2015 119.09 165.78 127.38 174.80
2/28/2015 129.30 178.60 140.70 190.60
3/31/2015 127.20 175.47 136.94 186.00
4/30/2015 132.11 177.37 142.49 188.74
5/31/2015 134.24 180.62 143.33 192.46
6/30/2015 127.75 175.48 137.67 186.80
7/31/2015 131.91 175.96 141.94 192.80
8/31/2015 119.77 159.75 125.93 175.14
9/30/2015 113.59 151.82 117.59 168.33
10/31/2015 128.53 170.42 134.84 190.97
11/30/2015 127.85 171.98 133.67 191.83
12/31/2015 122.73 165.45 129.56 187.23
1/31/2016 114.07 151.41 115.83 172.97
2/29/2016 112.48 151.49 114.22 172.61
3/31/2016 127.05 169.81 128.76 191.10
4/30/2016 131.52 175.48 132.38 192.23
5/31/2016 132.67 179.82 133.68 197.48
6/30/2016 134.91 182.13 131.06 198.25
7/31/2016 142.53 190.84 140.83 209.24
8/31/2016 142.87 193.45 141.03 209.68
9/30/2016 143.72 193.06 142.31 209.74
10/31/2016 140.00 188.14 137.62 204.09
11/30/2016 149.53 206.24 141.03 215.35
12/31/2016 153.17 214.29 146.80 221.58
1/31/2017 155.05 216.16 152.76 227.68
2/28/2017 162.56 226.98 159.77 240.69
3/31/2017 161.95 223.69 162.54 241.09
4/30/2017 162.54 223.23 166.42 244.59
5/31/2017 163.37 222.14 172.06 249.44
6/30/2017 166.53 227.86 173.11 251.62
7/31/2017 169.62 232.05 179.64 258.85
8/31/2017 166.53 227.86 180.04 259.95
9/30/2017 173.89 238.57 186.32 267.38
10/31/2017 178.91 240.87 191.73 275.95
11/30/2017 184.05 251.26 198.06 287.48
12/31/2017 189.63 255.76 202.09 291.79
1/31/2018 199.61 268.82 218.04 314.22
2/28/2018 187.35 251.14 204.86 298.95
3/31/2018 183.15 245.72 198.22 288.81
4/30/2018 186.90 247.23 201.64 290.30
5/31/2018 187.75 250.66 203.53 299.70
6/30/2018 186.34 251.64 203.39 302.16
7/31/2018 194.61 264.96 212.86 317.13
8/31/2018 195.58 270.61 216.73 330.72
9/30/2018 198.73 270.59 218.50 333.17
10/31/2018 182.59 250.36 195.11 303.57
11/30/2018 189.07 260.48 198.46 311.79
12/31/2018 163.95 225.24 175.77 274.61
1/31/2019 183.76 251.26 197.23 304.63
Date Dividends
12/14/2009 0.1394
12/14/2011 0.0471
12/12/2012 0.0968
12/5/2013 0.2441
12/30/2013 0.0512
3/19/2014 0.1372
6/18/2014 0.1585
9/17/2014 0.1413
12/2/2014 0.1182
3/17/2015 0.1294
6/16/2015 0.1312
9/22/2015 0.1314
12/1/2015 0.121
3/22/2016 0.1297
6/21/2016 0.1354
9/20/2016 0.1408
12/1/2016 0.2201
3/21/2017 0.137
6/20/2017 0.1379
9/19/2017 0.1378
12/1/2017 0.1341
3/20/2018 0.1321
6/19/2018 0.1356
9/18/2018 0.1382
12/10/2018 0.1634

There is no guarantee of the payment of any dividend or other distributions at any level.

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

Capital Gains and Distributions ($ per share) as of 02/17/2019
$ per share as of 02/17/2019
Print
Date 2014 2015 2016 2017 2018
Short Term — — — — 0.0364
Long Term — — — — 0.3644
Total Amount of Distribution — — — — 0.4009
Record Date — — — — 12/7/18
Ex Div Date — — — — 12/10/18
Pay Date — — — — 12/10/18

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(48.1% of assets as of 01/31/2019)
AT&T Inc. 3.5%
X

AT&T Inc.

Provides DSL internet, local and long-distance voice and data services

Percent of Assets

3.5%

Asset Allocation

Equity

Country

United States

Equity Sector

Communication Services

Industry

Diversified Telecommunication Services

Market Cap

Large

Source: FactSet
Pfizer, Inc. 3.4%
X

Pfizer, Inc.

Manufactures vaccines and injectable biologic medicines

Percent of Assets

3.4%

Asset Allocation

Equity

Country

United States

Equity Sector

Health Care

Industry

Pharmaceuticals

Market Cap

Large

Source: FactSet
BP plc 3.1%
X

BP plc

Explores, produces, refines and distributes petroleum, natural gas and related products

Percent of Assets

3.1%

Asset Allocation

Equity

Country

United Kingdom

Equity Sector

Energy

Industry

Oil Gas & Consumable Fuels

Market Cap

Large

Source: FactSet
Cisco Systems, Inc. 2.9%
X

Cisco Systems, Inc.

Designs, manufactures, and sells Internet protocol based networking products and services related to the communications and information technology industry

Percent of Assets

2.9%

Asset Allocation

Equity

Country

United States

Equity Sector

Information Technology

Industry

Communications Equipment

Market Cap

Large

Source: FactSet
Citigroup, Inc. 2.8%
X

Citigroup, Inc.

Provides banking services

Percent of Assets

2.8%

Asset Allocation

Equity

Country

United States

Equity Sector

Financials

Industry

Banks

Market Cap

Large

Source: FactSet
UnitedHealth Group, Inc. 2.7%
X

UnitedHealth Group, Inc.

Provides hospital and medical service plans

Percent of Assets

2.7%

Asset Allocation

Equity

Country

United States

Equity Sector

Health Care

Industry

Health Care Providers & Services

Market Cap

Large

Source: FactSet
Merck & Co. Inc. 2.7%
X

Merck & Co. Inc.

Discovers, develops and markets human and animal health products

Percent of Assets

2.7%

Asset Allocation

Equity

Country

United States

Equity Sector

Health Care

Industry

Pharmaceuticals

Market Cap

Large

Source: FactSet
General Motors Co. 2.6%
X

General Motors Co.

Develops, manufactures and markets cars, trucks and automobile parts

Percent of Assets

2.6%

Asset Allocation

Equity

Country

United States

Equity Sector

Consumer Discretionary

Industry

Automobiles

Market Cap

Large

Source: FactSet
Suncor Energy, Inc. 2.6%
X

Suncor Energy, Inc.

Develops and upgrades oil sands

Percent of Assets

2.6%

Asset Allocation

Equity

Country

Canada

Equity Sector

Energy

Industry

Oil Gas & Consumable Fuels

Market Cap

Large

Source: FactSet
Microsoft Corp. 2.4%
X

Microsoft Corp.

Develops, manufactures and distributes software products

Percent of Assets

2.4%

Asset Allocation

Equity

Country

United States

Equity Sector

Information Technology

Industry

Software

Market Cap

Large

Source: FactSet
Philip Morris Intl, Inc. 2.2%
X

Philip Morris Intl, Inc.

Manufactures cigarettes and other tobacco products

Percent of Assets

2.2%

Asset Allocation

Equity

Country

United States

Equity Sector

Consumer Staples

Industry

Tobacco

Market Cap

Large

Source: FactSet
Prudential Financial, Inc. 2.1%
X

Prudential Financial, Inc.

Provides insurance, investment, securities brokerage and other financial services

Percent of Assets

2.1%

Asset Allocation

Equity

Country

United States

Equity Sector

Financials

Industry

Insurance

Market Cap

Large

Source: FactSet
Coca-Cola Co. 2.1%
X

Coca-Cola Co.

Manufactures, wholesales and retails nonalcoholic beverages

Percent of Assets

2.1%

Asset Allocation

Equity

Country

United States

Equity Sector

Consumer Staples

Industry

Beverages

Market Cap

Large

Source: FactSet
AstraZeneca PLC 2.1%
X

AstraZeneca PLC

Engages in manufacturing of pharmaceutical products

Percent of Assets

2.1%

Asset Allocation

Equity

Country

United Kingdom

Equity Sector

Health Care

Industry

Pharmaceuticals

Market Cap

Large

Source: FactSet
Chevron Corp. 2.0%
X

Chevron Corp.

Explores and refines oil and natural gas

Percent of Assets

2.0%

Asset Allocation

Equity

Country

United States

Equity Sector

Energy

Industry

Oil Gas & Consumable Fuels

Market Cap

Large

Source: FactSet
Target Corp. 1.8%
X

Target Corp.

Operates department and discount stores

Percent of Assets

1.8%

Asset Allocation

Equity

Country

United States

Equity Sector

Consumer Discretionary

Industry

Multiline Retail

Market Cap

Large

Source: FactSet
Lockheed Martin Corp. 1.8%
X

Lockheed Martin Corp.

Manufactures components and systems for aerospace and defense use

Percent of Assets

1.8%

Asset Allocation

Equity

Country

United States

Equity Sector

Industrials

Industry

Aerospace & Defense

Market Cap

Large

Source: FactSet
Royal Dutch Shell plc 1.8%
X

Royal Dutch Shell plc

Manufactures and markets oil and natural gas

Percent of Assets

1.8%

Asset Allocation

Equity

Country

United Kingdom

Equity Sector

Energy

Industry

Oil Gas & Consumable Fuels

Market Cap

Large

Source: FactSet
Itochu Corp. 1.8%
X

Itochu Corp.

Provides trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, realty, information and communications technology, finance and others

Percent of Assets

1.8%

Asset Allocation

Equity

Country

Japan

Equity Sector

Industrials

Industry

Trading Companies & Distributors

Market Cap

Large

Source: FactSet
Equity Residential Properties Trust 1.7%
X

Equity Residential Properties Trust

Operates as a real estate investment trust

Percent of Assets

1.7%

Asset Allocation

Equity

Country

United States

Equity Sector

Real Estate

Industry

Equity Real Estate Investment Trusts (REITs)

Market Cap

Large

Source: FactSet
Domestic Equity
Dividend Opportunity Fund
CLASS A: OSVAX
Portfolio Holdings Breakdown as of 01/31/2019

Portfolio Holdings Breakdown

Print
Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 69.0% 99.7% -30.7%
United Kingdom 9.2% - -
Japan 4.2% - -
Canada 3.8% 0.0% 3.7%
Switzerland 1.9% - -
Australia 1.5% - -
Netherlands 1.3% 0.2% 1.1%
Germany 0.9% - -
Spain 0.7% - -
France 0.5% - -
Portugal 0.5% - -
Finland 0.5% - -
Italy 0.4% - -
Taiwan 0.2% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 72.8% 99.7% -26.9%
Europe 15.9% 0.2% 15.6%
Asia Pacific 5.7% - -
Emerging Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Asia Pacific 0.2% 0.1% 0.1%
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 15.3% 23.2% -7.8%
Energy 14.2% 9.3% 4.9%
Health Care 13.2% 14.4% -1.1%
Information Technology 9.8% 9.4% 0.4%
Consumer Staples 8.3% 7.4% 0.9%
Industrials 7.9% 8.0% 0.0%
Consumer Discretionary 6.6% 5.6% 1.0%
Communication Services 6.0% 6.8% -0.7%
Real Estate 4.7% 5.6% -0.9%
Utilities 4.6% 6.3% -1.7%
Materials 3.8% 4.0% -0.2%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 13.9% 8.4% 5.5%
Banks 9.8% 11.6% -1.8%
Pharmaceuticals 9.5% 6.5% 3.0%
Diversified Telecommunication Services 5.4% 3.4% 2.0%
Equity Real Estate Investment Trusts (REITs) 4.7% 5.5% -0.7%
Electric Utilities 4.6% 3.6% 1.0%
Communications Equipment 3.5% 2.0% 1.4%
Beverages 3.4% 0.5% 2.9%
Automobiles 2.9% 0.7% 2.2%
Health Care Providers & Services 2.7% 2.4% 0.3%
Metals & Mining 2.4% 0.7% 1.7%
Software 2.4% 1.5% 0.9%
Capital Markets 2.4% 3.0% -0.6%
Tobacco 2.2% 0.9% 1.3%
Insurance 2.1% 4.2% -2.1%
Multiline Retail 1.8% 0.6% 1.2%
Aerospace & Defense 1.8% 1.4% 0.4%
Trading Companies & Distributors 1.8% 0.2% 1.6%
Food & Staples Retailing 1.7% 1.7% 0.0%
Electrical Equipment 1.5% 0.6% 0.9%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 94.5% 100.0% -5.5%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 83.3% 73.6% 9.7%
Mid 6.6% 20.1% -13.5%
Small 4.3% 6.3% -2.0%
Analytics
Domestic Equity
Dividend Opportunity Fund
CLASS A: OSVAX
Analytics as of 01/31/2019
(As of 01/31/2019)
Print
Morningstar 01/31/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1104
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.46
0.02
Beta
0.86
0.84
Information Ratio
-0.72
-0.35
R-Squared
95.20
92.55
Sharpe Ratio
0.86
0.66
Standard Deviation
10.13
9.94
Upside Capture
81.70
82.43
Downside Capture
79.12
80.03
Sortino Ratio
1.31
1.02
Win Ratio
47.00
48.00
Loss Ratio
53.00
52.00
Tracking Error
2.72
3.25
Yields
Dividend Yield (with sales charge)
2.78%
Dividend Yield (w/o sales charge)
2.95%
Standardized Yield
2.37%
Unsubsidized Yield
2.35%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$127.87 B
$112.09 B
Median Market Cap (weighted)
$83.71 B
$56.10 B
P/E Ratio (LTM)
14.41
15.73
P/E Ratio (NTM)
12.42
13.73
Price/Book
2.04
1.98
Return on Equity
13.70%
12.38%
Turnover Ratio
63%
-
Active Share
78.89%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1634
12-Month Distribution ($)
$0.5693
Distribution Sources
  • E
Net Income
19.70%
Net Profit from Sale
72.10%
Other Capital Sources
8.20%
Team
Documents
  1. 1. Effective on 12/11/13, the Fund mainly invests in dividend paying stocks that the portfolio manager believes are undervalued.  Performance prior to 12/11/13 is not indicative of performance for any subsequent periods.
  2. 2. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile.
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less.  These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  6. 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
  7. 7. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  8. 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes).  The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  9. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p> ↩
  10. B. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily. ↩
  11. C. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment. ↩
  12. D. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions. ↩
  13. E. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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